Saturday, August 15, 2009

The National Association Of Realtors

By Jim Olenbush

When searching for a real estate agent to help you with the sell of your home, you have probably heard that it is best to select someone that is a Realtor. You should realize that there is a difference between a realtor and a real estate agent or broker. While a real estate agent or broker is not a member of the National Association of Realtors whereas a realtor is. What exactly is the National Association of Realtors and why should you be bothered about whether or not your agent or broker is a member?

Reducing Risks with the National Association of Realtors

The National Association of Realtors was established in 1908 as the National Association of Real Estate Exchanges, and was built on the concept of regulating real estate agents and ensuring consumers receive the best service possible.

The professional must complete certain educational requirements that are above and beyond those required to become a real estate salesperson, in order to become a member of the National Association of Realtors.

In addition, a code of ethics and Standards of Practice that have been established by the National Association of Realtors must be followed by the members. Whether you are the buyer or the seller, by following the code of ethics and the Standards of Practice, you can be certain your interests are protected.

Becoming a Member of the National Association of Realtors

Many people do not realize that there are actually different types of real estate professionals that can become members of the National Association of Realtors. Some of these professionals include:

Appraisers Commercial real estate brokers Counselors Immovable property managers Real estate salespeople Residential real estate brokers

Though their roles do very slightly, each of these professionals is heavily involved in the real estate transaction process. For example, real estate sales people is not as educated or are as responsible as a real estate broker. Nonetheless, both can assist you in the house buying process. Similarly, a commercial real estate broker specializes in assisting in transactions having to do with commercial or industrial properties while residential real estate brokers assist with transactions having to do with residential homes.

With an almost 100 year history, the National Association of Realtors is well established and greatly respected in the industry. When you decide to work with a Realtor that belongs to the association, you are taking the first step toward enjoying a successful house buying or selling experience.

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